Why do many companies lose money every year but don't close down, and some even get bigger and bigger?

Losing money doesn't mean going out of business.

If the enterprise is large enough and the cash flow is sufficient, the loss for many years will not affect the operation.

Zhang Ruimin of Haier once said that cash flow is more important than profit in some cases. Cash flow is like the blood of an enterprise. As long as the blood flows normally, the vitality can be guaranteed.

For example, some giant Japanese-funded enterprises have high losses at first glance, but they still operate normally, because the scale is too large and the early accumulation is too rich. A little loss is nothing to them.